Jan. 27 Webcast Materials
Our Sponsors
Join Us On LinkedIn
Join the Securities Litigation and Enforcement Group on LinkedInMay 2009
You are browsing the archive for May 2009.
KfW Bank, Please Meet iShares
Remember German state-owned bank KfW, dubbed “Germany’s dumbest bank” by the country’s largest circulation newspaper after it transferred €319m (approximately $426 million) to Lehman Brothers on September 15, the day it went bankrupt? Well, KfW, please meet San Francisco-based management investment company iShares! A class action filed May 12, 2009, in federal court in San [...]
Alex Lipman Joins Stroock & Stroock & Lavan in New York
Alex Lipman has joined law firm Stroock & Stroock & Lavan as a partner in its New York office. The firm announced today that Lipman has joined its Litigation Practice Group. Lipman joins the firm from Jenner & Block, where he was a partner.Previously, Lipman has served as an AUSA in the Southern District of [...]
Securities Docket A.M. News Wire for May 14, 2009
Lead plaintiff named in Satyam Computer Case, SEC Staff reportedly issues Wells Notice to Angelo Mozilo, $12 Billion Withdrawn from Madoff firm, Sun Microsystems discloses potential FCPA Violations, and more.
Mississippi PERS Named Co-Lead Plaintiff in Satyam Computer Case
Add yet another lead plaintiff appointment to the Public Employees’ Retirement System of Mississippi’s workload. Yesterday, Judge Barbara Jones of the U.S. District Court for the Southern District of New York appointed the fund co-lead plaintiff in the Satyam Computer Services Ltd. The case is at least the eleventh in which Mississippi PERS is now [...]
WSJ: SEC Staff Issues Wells Notice to Angelo Mozilo
The SEC staff has issued a Wells notice to Angelo Mozilo, the co-founder of Countrywide Financial Corp., advising Mozilo that it intends to recommend that the SEC file civil fraud charges against him, the WSJ reports. The staff reportedly sent Mozilo the Wells notice several weeks ago. The WSJ reports that potential charges against Mozilo [...]
Fox Business News Video: Should Hedge Funds Be Regulated?
Fox Business News interviews hedge fund expert and author Andrew Lo in this video on whether, and to what extent, hedge funds should be regulated.
NBC News Video: Billions Withdrawn from Madoff Firm in Three Months Leading Up to Arrest
Peter Alexander of NBC News reports in this video on the $12 billion withdrawn from Bernard Madoff’s firm in 2008, half of which was withdrawn in the three months leading up to his arrest. Visit msnbc.com for Breaking News, World News, and News about the Economy
Head’s Up!!!
When Flemish shareholders of Fortis revolted at a heated meeting in Ghent, Belgium last month by throwing shoes, coins and even ballot boxes at Fortis board members, we were willing to dismiss it as an isolated incident. After today’s egg-throwing developments in Dublin, Ireland, however, we think it is time to declare a new, full-blown Eurotrend: shareholders venting their fury at corporations by throwing things at board members.
Sun Microsystems Discloses Potentially Significant FCPA Violations
Fairly quietly, Sun Microsystems disclosed last week in its Form 10-Q that it may have violated the Foreign Corrupt Practices Act, and that such violations could have a material effect on its business. Full details are available in this post on my Enforcement Action blog over at Compliance Week.
PBS Frontline Presents “The Madoff Affair”
Last night, PBS Frontline aired its new, one-hour analysis of the Madoff scandal, “The Madoff Affair.” The entire video can be seen here.